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West Red Lake Gold Mines Inc

www: www.westredlakegold.com   email: investors@westredlakegold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:WRLG CAD
OTCMKTS:WRLGF USD

Description

West Red Lake Gold Mines Inc are a gold focused junior, late stage development company with one mine in development in Canada and four exploration properties. They have approximately 29Moz. of gold in the reserves and resources category of which 17Moz. are in the measured and indicated category. They have a market capitalisation of ~C$70.36M which is a fall of roughly 6% over the last three weeks. As of 05/13/2023 they have no debt and ~C$4.47M cash. They have 119M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/13/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $75.18M $70.36M 05/13/2023 $-4.83M
Total Assets: $11.11M $11.17M 05/13/2023 $0.06M
Total Liabilities: $0.55M $0.55M 05/13/2023 $0.00M
Current Assets: $4.44M $4.47M 05/13/2023 $0.03M
Current Liabilities: $0.27M $0.27M 05/13/2023 $0.00M
Total Debt: $0.00M $0.00M 05/13/2023 $0.00M
Cash: $4.44M $4.47M 05/13/2023 $0.03M
Enterprise Value: $70.74M $65.89M 02/02/1972 $-4.85M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 05/13/2023 n/a
Misc 05/13/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 119,000,000 119,000,000 05/13/2023 0
Shares (FD): 141,000,000 141,000,000 05/13/2023 0
Insider Ownership: n/a 30% 05/13/2023 30%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2020 05/13/2023 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Initial CapEx (Outstanding): n/a n/a 05/13/2023 n/a
Funding Option: n/a n/a 05/13/2023 n/a
Documentation: none none 05/13/2023 n/a
Future MCap Modifier: 0.1
Developer: Likely Path to Production
 0.1
Developer: Likely Path to Production
 05/13/2023 0
Cash Flow Multiplier: 5 5 05/13/2023 0.00

Resource Data

GOLD 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 17.00M 17.00M 05/13/2023 0.00M
Inferred: 12.00M 12.00M 05/13/2023 0.00M
Reserves & Resources: 29.00M 29.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 10.20M 10.20M 05/13/2023 0.00M
Inferred: 4.50M 4.50M 05/13/2023 0.00M
Reserves & Resources: 14.70M 14.70M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Average Grade: n/a n/a 05/13/2023 n/a
Recovery Rate: (guess)  75.00% (guess)  75.00% 05/13/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 05/13/2023 0.00M
Annual Production: 80,000oz. 80,000oz. 05/13/2023 0oz.
Cash Cost: $1,000 $1,000 05/13/2023 $0
Extra Operating Cost: $500 $500 05/13/2023 $0
SILVER 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Average Grade: n/a n/a 05/13/2023 n/a
Recovery Rate: n/a n/a 05/13/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Annual Production: n/a n/a 05/13/2023 n/a
Cash Cost: n/a n/a 05/13/2023 n/a
Extra Operating Cost: n/a n/a 05/13/2023 n/a

Property

Last Analysis Data  (05/13/2023)
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 69% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Madsen 100% show
2 million oz deposit at 8 gpt and growing.

12,000 acres in Red Lake, Ontario
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 69% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 12,800  

Profitability (by resource)

Proven &
Probable		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 17.00M 17.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -18.81M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 10.20M 10.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -11.28M
Maximum Profit (Gold): $5,207.10M $4,522.68M n/a $-684.42M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,207.10M $4,522.68M n/a $-684.42M
Max Profit / Current MCap: 69.260 64.282 n/a -4.978
Max Profit Per Share (Gold): $36.93 $32.08 n/a $-4.85
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $36.93 $32.08 n/a $-4.85
Total Free Profit Per Share: $36.21 $31.41 n/a $-4.80
FD MCap / Gold Eq.: $7.37 $6.90 n/a $-0.47
FD MCap / Silver Eq.: $0.09 $0.08 n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 0.37% 0.35% n/a -0.01%

Reserves &
Resources		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 29.00M 29.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -32.08M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 14.70M 14.70M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -16.26M
Maximum Profit (Gold): $7,504.35M $6,517.98M n/a $-986.37M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $7,504.35M $6,517.98M n/a $-986.37M
Max Profit / Current MCap: 99.816 92.642 n/a -7.174
Max Profit Per Share (Gold): $53.22 $46.23 n/a $-7.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $53.22 $46.23 n/a $-7.00
Total Free Profit Per Share: $52.50 $45.56 n/a $-6.95
FD MCap / Gold Eq.: $5.11 $4.79 n/a $-0.33
FD MCap / Silver Eq.: $0.06 $0.06 n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 0.25% 0.25% n/a -0.01%

Future Valuation (Cash Flow & Totals)

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